Since 2003, 39 leading area not-for-profit organizations have benefitted from the expertise of ARCHS’ Leveraged Resources Management, Inc., (LRM). LRM provides its clients with a full array of financial and bookkeeping services, enabling all of them to attain a clean "unqualified opinion” on their annual financial audits.

For the third consecutive year, LRM has completed a special audit that verifies its conformity with an important standard known as the Statement on Standards for Attestation Engagements (SSAE) No. 16.

Completing a sought after SSAE No. 16 audit provides reasonable assurance that the financial data and information provided by LRM’s clients will be processed and reported in an accurate and secure manner.

By completing this industry standard audit, LRM’s clients are assured that LRM adheres to key industry best practices for policies, procedures, and operations, including the security of information and data. It is important for financial services providers to comply with SSAE standards due to the sensitive nature of the data that is being managed.

LRM’s most recent SSAE No. 16 report was compiled by the accounting firm of Anders CPAs and covers the period from July 1, 2014 through June 30, 2015. The examination means that an independent service auditor has formally evaluated and issued an opinion on the description of selected LRM systems and the suitability of the design and operating effectiveness of applicable controls.

SSAE No. 16, set forth by the American Institute of Certified Public Accountants, is the new industry service standard that replaced the Statements on Auditing Standards No. 70 (SAS 70) as of June 2011. SSAE No. 16 outlines the guidance standards for examining and reporting a service provider’s business controls.

LRM offers area not-for-profits financial management and analysis services ranging from banking and payroll, to paying bills, and preparing board reports. LRM is a wholly-owned subsidiary of ARCHS.

Lafayette Habilitation Center is operated by Focus on Residential Services (FORS), a St. Louis not-for-profit organization serving the needs of individuals with intellectual and developmental disabilities by providing quality of life services.

Find out how LRM can assist your organization by contacting Terry Blake at 314-289-5601 or by email.]]>FeaturedNewsThu, 27 Mar 2014 07:55:16 -0500ARCHS Announces 12 Years of Clean Auditshttp://www.lrmgmt.com/news/51-archs-announces-12-years-of-clean-audits.html
http://www.lrmgmt.com/news/51-archs-announces-12-years-of-clean-audits.htmlArea Resources for Community and Human Services (ARCHS) has announced that for the past 12 fiscal years (2002-2013), its financial statements have earned unqualified or “clean,” audits from independent auditors. LRM is a subsidiaryof ARCHS.

ARCHS’ FY2013 (July 1, 2012-June 30, 2013) audit was reviewed and approved by ARCHS’ Board of Directors at their December 12, 2013 meeting.

Issuance of an “unqualified opinion” means an auditor, upon review of an organization’s financial statements and accompanying notes, concluded that the financial statements and accompanying notes are presented fairly, conform to generally accepted accounting principles and fairly represent the true financial picture of the organization.

Over the past four years, ARCHS has also successfully completed federal A-133 audits for its work with federal grants. An A-133 audit is required for any organization that expends more than $500,000 or more in a year in funding from the federal government.]]>FeaturedNewsThu, 12 Dec 2013 14:51:29 -0600LRM Announces New Clientshttp://www.lrmgmt.com/news/49-archs-lrm-announces-new-clients.html
http://www.lrmgmt.com/news/49-archs-lrm-announces-new-clients.htmlLeveraged Resources Management (LRM) has added two new clients, Girls Inc.-St. Louis and Supporters of Civil Society in Russia.

LRM provides a complete range of financial management and analysis services ranging from banking and payroll, to paying bills and preparing board reports. LRM is a wholly-owned for-profit subsidiary of ARCHS.

Last fall, LRM achieved a new milestone, completing a special audit that verifies it's conformity with an important standard known as the Statement on Standards for Attestation Engagements (SSAE) No. 16. The audit provides reasonable assurance that the financial data and information provided by LRM’s clients will be processed and reported in an accurate and secure manner.

Girls Inc.-St. Louis inspires all girls to be strong, smart, and bold through life-changing programs and experiences that help girls navigate gender, economic, and social barriers. The network of local Girls Inc. nonprofit organizations serves 136,000 girls ages six to 18 annually across the United States and Canada.

Supporters of a Civil Society in Russia (SCSR) partners with the Moscow School of Political Studies to support the development of political and civic institutions in Russia that are necessary to grow and sustain an open and transparent civil society. SCSR's Open World programs offer emerging political and civic leaders in Russia the opportunity to meet with national, state, and local United States leaders to discuss issues such as government operations, community and business partnerships, principles of good governance, and the role of nonprofit organizations in a democratic society.

Find out if LRM can assist your organization by contacting President Terry Blake at 314-289-5601 or by email.]]>FeaturedNewsWed, 19 Jun 2013 08:01:13 -0500Hope Happens to Host 9th Annual Evening of Hopehttp://www.lrmgmt.com/7-about/48-hope-happens-to-host-9th-annual-evening-of-hope.html
http://www.lrmgmt.com/7-about/48-hope-happens-to-host-9th-annual-evening-of-hope.htmlLRM client Hope Happens will be hosting its 9th Annual Evening of Hope at the Sheldon Concert Hall on Thursday, April 18, 2013.

The evening features a group with global appeal which has never before been seen in St. Louis: award winning film maker and composer Kenji Williams and BELLA BAIA, showcasing inspiring music and dance performances against a backdrop of orbiting visualizations of Earth from space.

Proceeds from the event support the Hope Center for Neurological Disorders at Washington University School of Medicine. The Center pursues innovative and groundbreaking ideas for research with a clear potential to improve the diagnosis and treatment of patients with amyotrophic lateral sclerosis (ALS), Alzheimer's disease, Parkinson's disease, Huntington's disease, muscular dystrophy, multiple sclerosis, cerebral palsy, stroke, and epilepsy, as well as brain and spinal cord injury.

For more information on the evening and tickets, CLICK HERE.]]>FeaturedAboutMon, 11 Mar 2013 10:44:07 -0500LRM Expertise Benefits ARCHShttp://www.lrmgmt.com/news/47-lrm-expertise-benefits-archs.html
http://www.lrmgmt.com/news/47-lrm-expertise-benefits-archs.htmlArea Resources for Community and Human Services (ARCHS) once again has important news about its financial and programmatic success as a new year approaches. LRM is subsidiary ARCHS.

The news is especially welcome in the recent climate both locally and nationally of increased public scrutiny shining more light on not-for-profit accountability and transparency practices.

For the past 11 fiscal years (2002-2012) ARCHS’ financial statements have earned unqualified or “clean,” audits from independent auditors.

ARCHS’ FY2012 (July 1, 2011-June 30, 2012) audit was reviewed and approved by ARCHS’ Board of Directors at their December 12, 2012 meeting.

Issuance of an “unqualified opinion” means an auditor, upon review of an organization’s financial statements and accompanying notes, concluded that the financial statements and accompanying notes are presented fairly, conform to generally accepted accounting principles and fairly represent the true financial picture of the organization.

The FY2012 audit also highlighted that ARCHS’ “administrative overhead” costs are only 15 percent, substantially below the national average of 25 percent as calculated by the national United Way and other groups. This means that ARCHS is able to directly allocate at least 85 cents out of every dollar it manages to provide vital education and social service programs with a focus on early childhood, K-12, and family and community education. The remaining 15 cents provide necessary program support services that help manage and evaluate the programs to assure their long-term success.

"The audit opinion is more than an approval of accounting controls and principles. It assures our federal, state, private, and philanthropic funders that ARCHS is responsibly and properly managing, spending, and reporting the funds entrusted to us to serve the region’s most vulnerable residents,” says Wendell E. Kimbrough, ARCHS’ Chief Executive Officer. “Each month, ARCHS’ staff visits each program we fund and support, to provided a real time “audit” of how things are going, and if there are any issues, find ways to make improvements. ”]]>FeaturedNewsWed, 19 Dec 2012 09:18:11 -0600LRM Financial Services Achieves Milestone with SSAE-16http://www.lrmgmt.com/news/46-lrm-financial-services-achieves-milestone-with-ssae-16.html
http://www.lrmgmt.com/news/46-lrm-financial-services-achieves-milestone-with-ssae-16.htmlSince 2003, 35 leading area not-for-profit organizations have benefitted from the expertise of ARCHS’ Leveraged Resources Management, Inc., (LRM). LRM provides its clients with a full array of financial and bookkeeping services, enabling all of them to attain a clean "unqualified opinion” on their annual financial audits.

Now, LRM has achieved a new milestone, having recently completed a special audit that verifies its conformity with an important standard known as the Statement on Standards for Attestation Engagements (SSAE) No. 16.

Completing a sought after SSAE No. 16 audit provides reasonable assurance that the financial data and information provided by LRM’s clients will be processed and reported in an accurate and secure manner.

By completing this industry standard audit, LRM’s clients are assured that LRM adheres to key industry best practices for policies, procedures, and operations, including the security of information and data. It is important for financial services providers to comply with SSAE standards due to the sensitive nature of the data that is being managed.

LRM’s SSAE No. 16 report was compiled by the accounting firm of Huber, Ring, Helm & Co., P.C. and covers the period from July 1, 2011 through June 30, 2012. The examination means that an independent service auditor has formally evaluated and issued an opinion on the description of selected LRM systems and the suitability of the design and operating effectiveness of applicable controls.

“Achieving conformity with SSAE No. 16 standards demonstrates LRM’s continued dedication to operational excellence and client satisfaction,” said Terry Blake, President of LRM. “We are proud to be the first full service bookkeeping provider serving not-for-profits in St. Louis to complete this rigorous process. It further validates our important internal controls over financial reporting, security, and confidentiality.”

SSAE No. 16, set forth by the American Institute of Certified Public Accountants, is the new industry service standard that replaced the Statements on Auditing Standards No. 70 (SAS 70) as of June 2011. SSAE No. 16 outlines the guidance standards for examining and reporting a service provider’s business controls.]]>FeaturedNewsWed, 31 Oct 2012 08:25:15 -0500Preclarus Mastery Academy Marks First Year with LRM Financial Serviceshttp://www.lrmgmt.com/news/45-preclarus-mastery-academy-marks-first-year-with-lrm-financial-services.html
http://www.lrmgmt.com/news/45-preclarus-mastery-academy-marks-first-year-with-lrm-financial-services.htmlPreclarus Mastery Academy has begun its second school year in St. Louis, which also marks its second year in receiving financial services from ARCHS' Leveraged Resources Management (LRM).

"The first year (with LRM) went very well. We were able to capitalize on LRM's experience with other charter schools and not-for-profits," said Elaine Flipping, Director of Operations and Finance at Preclarus. "We were very successful in meeting reporting demands from the school board and the various regulatory agencies."

For its second school year, Preclarus is up to almost 150 students. For enrollment or general information, visit the Preclarus website.

"Preclarus wanted a well-established financial service partner. LRM has the fund accounting experience, the technology, and the staff," Flipping said. "We avoid hiring, training, and long lead time required to reach the expertise and level of performance that LRM has already attained."]]>FeaturedNewsWed, 29 Aug 2012 08:26:07 -0500